AKER SEIL AS: årsregnskap 2004 vs 2003
Grew 38% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKER SEIL AS. Revenue 1.66m NOK → 2.29m NOK (+37.7%). Net result +384.0k NOK → +944.0k NOK. Equity 100.6k NOK → 170.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKER SEIL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.66m NOK to 2.29m NOK (+37.7% YoY). Calculated
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Operating result improved
Operating result +104.8k NOK → +639.0k NOK (op. margin 6.3% → 27.9%). Calculated
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Net result improved
Net result +384.0k NOK → +944.0k NOK (net margin 23.1% → 41.2%). Calculated
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Equity strengthened
Book equity 100.6k NOK → 170.9k NOK (equity ratio 11.3% → 24.1%). Calculated
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Payroll decreased
Salary cost 4.43m NOK → 3 NOK (267% → 0% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 917.8k NOK → 881.8k NOK (-3.9% YoY). Calculated